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Hong Kong: The Last Tycoon? The presumed ouster of chief executive Tung Chee-hwa could mean the end of a clubby system of rule that's fueled huge protests.(Cover Story)

Newsweek International

| March 14, 2005 | Wehrfritz, George; Seno, Alexandra A.; Simons, Craig Simons | COPYRIGHT 2005 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: George Wehrfritz and Alexandra A. Seno (With Craig Simons in Beijing)

The sinewy man hawking papers to morning commuters in Kowloon is unusually animated on this drizzly March day. Beside him stands a shoulder-high stack of South China Morning Post newspapers; the headlines blare: TUNG 'WILL STAND DOWN EARLY.' He banters with a customer about the territory's hapless Chief Executive as he snatches her coins. "Yes, Tung has resigned," he crows. "It's good news!"

The commentary speaks volumes about what has gone wrong in Hong Kong since Beijing handed control to shipping tycoon Tung Chee-hwa back in 1997. Frustration with Tung's inadequacies has ...

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Source: HighBeam Research, Hong Kong: The Last Tycoon? The presumed ouster of chief executive...